BKA Digest January 18, 2018

01/18/2019

According to the attached article from Prudential “During a policy review, you come across an existing policy that your client purchased many years ago. It has accumulated significant cash value. However, you see that loans have been taken from the policy to pay for the premiums and/or to fund cash withdrawals. Those loans, combined with higher mortality costs, and high loan interest charges have subjected the policy to a potential unintended lapse.”